The mini-warehouse property was built in 1997 and sits on 7 acres at the end of Winchester Pointe Cove west of Brownbark Drive. The Shelby County Assessor of Property’s 2010 appraisal was $2.1 million.

Details: Memphis Commerce Square Partners LLC, the group of investors buying One Commerce Square, has officially signed a deed for the property, according to recently filed public records. The records are now available for viewing at the Shelby County Register of Deeds’ website.

Along with the property closing, two loans were filed through MBS-UI Sub-CDE XVIII LLC, a limited liability company affiliated with MBS Urban Initiatives CDE LLC of St. Louis. The loans include an A note totaling $7.3 million and a B note totaling $2.5 million. The loans are marked as construction leasehold deeds of trust.

For more information on the deal, see the article “‘New Day’ at Downtown’s One Commerce” in the Dec. 28 Daily News and at www.memphisdailynews.com.

Details: The Exchange Building at 130 Madison Ave. has sold for $2.4 million to an Evanston, Ill.-based limited liability company, UIGTN III LLC. The LLC shares an address with Zimmerman Wealth Management. A call to the company was not returned by press time.

The 217,244-square-foot, 20-story Exchange Building was built in 1910. It sits on 0.25 acres at the corner of North Second Street and Madison Avenue. The Shelby County Assessor of Property’s 2010 appraisal is $2.4 million.

The seller, Northwest Capital Group Inc., bought the property in foreclosure March 22. The sale was because the borrower, The Exchange Building LP, defaulted on a loan that was originally taken out in 1995 in the amount of $2.9 million and modified several times before the foreclosure.

Details: Lakeland Lots GP has filed a construction loan for four lots in Oliver Grove Subdivision in Lakeland. A plat for Oliver Grove Planned Development was filed with the Shelby County Register of Deeds in November. It shows 31 lots on 16.85 acres, bordered by Brunswick Road to the west, Oliver Creek to the east and Old Brownsville Road to the south.